Inpatient Projects: Wis. system plans big replacement
Aurora Health Care project would add $324 million worth of facilities in Kohler, Wis. By Connie M. McCaffrey In a continuation of its increased development activity, Aurora Health Care recently announced that it has plans for $324 million worth of new healthcare facilities – a hospital to replace the aging Aurora Sheboygan Memorial Medical Center, […]
Inpatient Projects: Kaiser Permanente opens its first new hospital in San Diego in 40 years
WAUKESHA, Wis. – Waukesha-based ProHealth Care plans to develop a $15 million, 37,000 square foot, single-story heart and vascular center that will be connected to its Waukesha Memorial Hospital campus.
Transactions: San Diego company acquires two, fully occupied MOBs in northern Scottsdale
SCOTTSDALE, Ariz. – A San Diego-based asset advisory firm recently acquired side-by-side MOBs in far northern Scottsdale, at the northeast corner of the Loop 101.
Inpatient Projects: Christus Mother Frances to expand Tyler, Texas, hospital with $100 million tower
TYLER, Texas – Christus Trinity Mother Frances Health System has begun developing a $100 million tower on the south side of Christus Mother Frances Hospital in Tyler, about 100 miles east of Dallas, to expand its emergency and intensive care capabilities and leave room for future growth.
Inpatient Projects: U of Pittsburgh might bring new hospital, MOB to South Fayette Township, Pa.
BRIDGEVILLE, Pa. – Pittsburgh-based UPMC reportedly has plans for a three-story, 280,000 square foot medical complex in Bridgeville in South Fayette Township, about 10 miles southwest of Pittsburgh, according to a report in the local Observer-Reporter newspaper.
Inpatient Projects: Northside Hospital Cherokee’s 105-bed replacement facility opens in Canton, Ga., in May
CANTON, Ga. – Northside Hospital-Cherokee planned to open its new $250 million, 105-bed replacement facility in May 2017, more than doubling the square footage of the hospital’s current space.
Inpatient Projects: Memorial Hermann’s $168 million hospital in Cypress, Texas, is completed in 24 months
CYPRESS, Texas – Houston-based Memorial Hermann Health system recently opened a new $168 million, 81-bed hospital in Cypress, Texas, about 28 miles northwest of Houston.
Inpatient Projects: $85 million expansion begins on Studer Children’s Hospital in Pensacola, Fla.
PENSACOLA, Fla. – Construction has started on an $85 million, 120,000 square foot expansion of The Studer Family Children’s Hospital at Sacred Heart that will connect to the existing children’s hospital in Pensacola, on the Florida Panhandle.
Inpatient Projects: Rapid City, S.D., system to renovate hospital, build off-campus orthopedic institute
RAPID CITY, S.D. – Rapid City Regional Health (RCRH) plans to begin construction soon on expansion and renovation projects at its Rapid City Regional Hospital campus, where all patient rooms will be made private, a new entrance will be built, parking will be added and other projects will add and update space.
Editor’s Letter: We’re all ears
We’d love to hear about your latest deals Dear Reader: I know I’ve said this many times before in the pages of Healthcare Real Estate Insights™, but I’ll day it again: send us your news.
Post-Acute & Senior Living: Intergenerational Living announces first senior living campus in Stillwater, Minn.
STILLWATER, Minn. – Minneapolis-based Intergenerational Living & Health Care Inc. recently announced the development of The Lakes at Stillwater, the first senior living campus in the growing Minneapolis-St. Paul suburb of Stillwater.
Industry Pulse: Opportunities are increasing for retail repurposing
Almost 3,600 retail stores are slated to close this year, including hundreds of big boxes and department stores In the aftermath of the Great Recession, it became a common strategy for healthcare providers and healthcare real estate (HRE) firms to repurpose the buildings of failed big box and department stores. The bankruptcies of Circuit City, […]
Industry Pulse: On the Record – Nancy Daniels
Are receivership real estate sales more complicated than other sales?
REIT Report: CCP remains active buying, selling
SNF-focused Ventas spin-off buys behavioral health portfolio as part of strategy By John B. Mugford When Chicago-based Care Capital Properties Inc. (NYSE: CCP) closed on a recent $400 million acquisition of six behavioral health facilities in California, Arizona and Illinois, the real estate investment trust (REIT) revealed something about its strategy moving forward as well […]
Industry Pulse: HTA to Buy Duke Realty’s MOBs, Development Unit
Pending $2.75 billion purchase would propel HTA to the top of the MOB ownership list. Just as this edition of Healthcare Real Estate Insights™ was about to go to press, we learned that Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) had agreed to acquire the entire MOB portfolio of Indianapolis-based Duke Realty Corp […]